Legal systems

⭐ In the context of Legal_systems, the academic discipline dedicated to analyzing law by comparing different national systems is considered


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⭐ Core Definition: Legal systems

The contemporary national legal systems are generally based on one of four major legal traditions: civil law, common law, customary law, religious law or combinations of these. However, the legal system of each country is shaped by its unique history and so incorporates individual variations. The science that studies law at the level of legal systems is called comparative law.

Both civil (also known as Roman) and common law systems can be considered the most widespread in the world: civil law because it is the most widespread by landmass and by population overall, and common law because it is employed by the greatest number of people compared to any single civil law system.

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Legal systems in the context of Roman civilisation

The history of Rome includes the history of the city of Rome as well as the civilisation of ancient Rome. Roman history has been influential on the modern world, especially in the history of the Catholic Church, and Roman law has influenced many modern legal systems. Roman history can be divided into the following periods:

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Legal systems in the context of Economy

An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.

Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.

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Legal systems in the context of Hispanic Monarchy (political entity)

The Hispanic Monarchy (MonarquĂ­a HispĂĄnica in Spanish), also known as the Catholic Monarchy and historically referred to as the Monarchy of Spain, was the political entity encompassing the territories and dependencies of the Spanish Empire between 1479 and 1716. These regions maintained distinct, individual public institutions, councils, and legal systems, but were united under the control of a superior entity (the King of Spain) and common state institutional structures. This monarchy was administered under a polysynodial system of councils. The Spanish monarch acted as king (or with the corresponding title) according to the political constitution of each kingdom, state, or lordship, and thus, their formal power varied from one territory to another. However, they acted as a unified monarch over all the territories of the monarchy, almost like a Composite Monarchy.

The Monarchy included the Crown of Castile—with Granada, Navarre and the kingdoms of the Indies—and Aragon—with Sicily, Naples, Sardinia, Malta and the State of the Presidi—, Portugal and its overseas territories between 1580 and 1640, the territories of the Burgundian Circle except between 1598–1621—Franche-ComtĂ©, the Netherlands, as well as Charolais—, the Duchy of Milan, the Marquisate of Finale, the Spanish East Indies, and Spanish Africa.

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Legal systems in the context of Publicly held company

A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are private enterprises in the private sector, and "public" emphasizes their reporting and trading on the public markets.

Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kingdom, it is usually a public limited company (PLC). In France, it is a société anonyme (SA). In Germany, it is an Aktiengesellschaft (AG). While the general idea of a public company may be similar, the differences between types are meaningful and are at the core of international law disputes with regard to industry and trade.
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